Author: Zhang Sheng**: Mingjin.comIn addition to selling, or selling.
30 billion gambling lives hanging by a thread, Wang Jianlin has been forced to a desperate situation!one
Wanda Movies is also going to change its name and surname.
On December 6th, Wanda Film suddenly issued a suspension announcement, and the company's boss Wang Jianlin made a move, this time to transfer 51% of the equity of the controlling shareholder Beijing Wanda Investment to Shanghai Ruyi Company, and after the transaction is completed, the control of the company will no longer be surnamed Wang, but surnamed Ma, Ma Huateng's horse.
Shanghai Ruyi, a subsidiary of China Ruyi 100% controlled, is the largest shareholder of Tencent.
In other words, Tencent took over Wanda Films, and Ma Huateng pulled Wang Jianlin again.
The price is that from now on, all 852 Wanda cinemas across the country will be classified under Tencent, and they will say goodbye to Wanda completely.
Wang Jianlin was not happy at all, and did not hesitate to hand over high-quality core assets to others, Wanda was really forced to a dead end, the 30 billion bet will expire at the end of the month, and Wanda cannot get so much money at once.
But Wanda must give investors an explanation, Wang Jianlin, who used to have a big waist and a round waist, has lost a lot of weight.
II. II. II
This is not the first time Wang Jianlin has sold, nor is it the first time Tencent has saved Wanda.
Just 5 months ago, Wanda faced a debt of nearly 7 billion yuan, and Wang Jianlin had no choice but to open the curtain of crazy selling
On July 11, Wanda Movie 826% equity for 217.3 billion, sold to Lu Lili, the proprietress of Oriental Wealth.
On July 18, Wanda Movie 814% equity for 233.6 billion was sold to an affiliated company, Shenxian Rongzhi.
On July 23, China Ruyi took over 49% of the shares of Beijing Wanda at a price of 226.2 billion, the major shareholder behind it is Tencent, this is the first time that Ma Huateng has pulled Wang Jianlin this year.
Until today, Wang Jianlin sold all the remaining shares of Wanda Investment to Tencent, which is equivalent to giving away his own son who he raised single-handedly, and Wang Jianlin's heart is dripping blood.
Compared with Tencent's money to save people, the former ally Vanke stabbed in the back, which also occurred in July, and almost sent Wanda on the road ahead of schedule.
At that time, Wanda was still making a final effort to go public at the end of the year, but suddenly received a notice from the Shanghai court that assets worth 120 billion yuan were frozen, and the applicant was Vanke.
The reason is that in 2018, Vanke invested 5 billion yuan to cooperate with Wanda in the Changchun International Film Capital project, and two years later, Vanke terminated the cooperation ahead of schedule, but the two sides had a disagreement on the aftermath of the 5 billion investment.
The 5 billion principal Wanda was all returned to Vanke, plus 2400 million interest, Vanke is still in the hands of Wanda to get the land cheaply, in Wanda's view, it is equivalent to giving Vanke an additional more than 1 billion hidden discounts, but these are not written in the contract.
Vanke insisted on doing things according to the contract and asked Wanda to pay another 13800 million is the end of the matter, of which the interest is 12600 million, and 37.7 billion fines. After calculation, the 5 billion principal took more than two years, and the interest cost was as high as 25 per annum2%。
Wang Jianlin found a well-known bigwig in the academic world, Liu Jipeng, dean of the Institute of Financial Research of China University of Political Science and Law, to mediate the matter between the two parties. After all, it is unreasonable in anyone's opinion, and the dispute of less than 1.4 billion yuan, directly freezing Wanda's 120 billion assets is equivalent to directly sentencing Wanda to the death penalty.
The 20,000 incident was finally reconciled, but Wang Jianlin's hemorrhage will definitely not be able to escape, Vanke fell into the well at the moment of crisis, Liang Zi must be knotted, Vanke doesn't care, Wang Jianlin dares to be angry and dare not speak!
Three
The 30 billion betting limit is approaching, and Wanda is still making a last stand.
At that time, a number of institutions, including Tencent, Ant, Country Garden and other institutions, signed an agreement with Wanda Commercial Management that if Wanda could not be successfully listed by the end of 2023, it would need to pay investors about 30 billion yuan in equity repurchases, plus 8% annual income.
Not to mention that 30 billion Wanda can't be taken out at all, even the interest of 2.4 billion this year can be added in a few years to Wanda's old life!
Wang Jianlin, the richest man in the past, just led Wanda through a catastrophe two years ago, when Wanda was also forced to pay debts at home and abroad, and Wang gritted his teeth and endured the pain of cutting more than 60 billion meat, completed the century fire sale, and successfully survived the crisis. At that time, the assets that seemed to be robbed and taken away cheaply by R&F and Sunac now seem to have been sold at a high level, otherwise Wanda is one of them today.
The biggest mistake made by Wang Jianlin was to delist from Hong Kong in a fit of anger, and Wanda, who wanted to go back to A to get a higher valuation, just hit the muzzle of the highly tightened threshold for the listing of real estate companies.
Previously, it was reported that Wang Jianlin sought investors to postpone Wanda's listing to 2026, but it was not surprising that most investors rejected it, after all, no one's money is blown by the wind, and the 3-year time is too variable.
But the limit of the VAM agreement is just around the corner, and Wanda's biggest catastrophe must be overcome, depending on who gives in first, and no one wants Wanda to fall.
Tencent's move at a critical moment can be regarded as killing two birds with one stone, not only getting Wanda's core assets, but also giving itself a double insurance.
It's just that when everyone goes to the cinema to watch movies in the future, the ticket price may rise again.